Rithm Capital Corp. (NYSE:RITM) Receives Consensus Rating of "Buy" from Brokerages

Shares of Rithm Capital Corp. (NYSE:RITM - Get Free Report) have been assigned a consensus rating of "Buy" from the eight research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $12.94.

A number of research firms have commented on RITM. Piper Sandler raised their target price on Rithm Capital from $11.50 to $12.50 and gave the company a "neutral" rating in a report on Friday, February 7th. B. Riley upgraded shares of Rithm Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. Royal Bank of Canada restated an "outperform" rating and set a $13.00 target price on shares of Rithm Capital in a research report on Thursday, November 21st. Keefe, Bruyette & Woods lifted their price target on shares of Rithm Capital from $13.00 to $13.50 and gave the company an "outperform" rating in a research report on Tuesday, December 3rd. Finally, Wedbush restated an "outperform" rating and issued a $14.00 price target on shares of Rithm Capital in a report on Thursday, November 7th.

Hedge Funds Weigh In On Rithm Capital

Several hedge funds have recently bought and sold shares of RITM. Charles Schwab Investment Management Inc. boosted its stake in shares of Rithm Capital by 7.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 5,364,962 shares of the real estate investment trust's stock valued at $60,892,000 after acquiring an additional 366,600 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Rithm Capital by 119.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,608,008 shares of the real estate investment trust's stock worth $52,301,000 after purchasing an additional 2,504,529 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Rithm Capital by 20.7% during the third quarter. Van ECK Associates Corp now owns 2,004,057 shares of the real estate investment trust's stock worth $21,163,000 after buying an additional 343,678 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of Rithm Capital in the third quarter valued at approximately $1,476,000. Finally, EMC Capital Management lifted its stake in shares of Rithm Capital by 1,349.0% during the fourth quarter. EMC Capital Management now owns 35,371 shares of the real estate investment trust's stock valued at $383,000 after buying an additional 32,930 shares during the period. Hedge funds and other institutional investors own 44.92% of the company's stock.

Rithm Capital Stock Performance

Shares of Rithm Capital stock traded up $0.04 on Thursday, reaching $12.03. 2,741,763 shares of the stock were exchanged, compared to its average volume of 3,619,548. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 1.63. The firm has a market capitalization of $6.25 billion, a PE ratio of 7.20 and a beta of 1.79. Rithm Capital has a 1-year low of $10.36 and a 1-year high of $12.10. The business has a fifty day moving average price of $11.23 and a two-hundred day moving average price of $11.16.

Rithm Capital (NYSE:RITM - Get Free Report) last issued its earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.16. Rithm Capital had a return on equity of 18.46% and a net margin of 17.79%. As a group, research analysts anticipate that Rithm Capital will post 1.92 earnings per share for the current fiscal year.

Rithm Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Tuesday, December 31st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 8.32%. The ex-dividend date of this dividend was Tuesday, December 31st. Rithm Capital's payout ratio is currently 59.88%.

Rithm Capital Company Profile

Rithm Capital Corp. operates as an asset manager focused on real estate, credit, and financial services. It operates through Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable, and Asset Management segments. Its investment portfolio primarily comprises of mortgage servicing rights (MSR), and MSR financing receivables, title, appraisal and property preservation, excess MSRs, and services advance investments; real estate securities, call rights, SFR properties, and residential mortgage loans; consumer and business purpose loans; and asset management related investments.